Velo Price Prediction: VELO Surges 26% After Multi-Year Downtrend, Eyes $0.02 Target 

• VELO rebounds sharply, but still trades below key long-term trend resistance levels
• Support near $0.004 holds firm, shaping a base for potential upside continuation
• Weak inflows and low open interest signal cautious, not fully confirmed demand

Velo (VELO) trades near $0.0048 after a sharp 26% daily gain, drawing renewed attention from market participants. The recent move follows months of muted activity and signals a possible shift in short-term sentiment. 

However, the broader structure still reflects a long recovery from a steep multi-year decline. Traders now focus on whether the token can hold current levels and build sustained upside momentum.

Market Structure Shows Early Recovery Signs

VELO’s long-term chart still reflects a heavy drawdown from its 2021 peak above $2. The price collapsed into a prolonged bottoming phase that lasted through 2023. 

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